Accounting · June 28, 2022

How to Trade OTC Crypto: The Ultimate Guide


Did you know you can buy and sell cryptocurrency without an exchange? Over-the-counter (OTC) trading is a popular way to trade crypto, especially for large trades. This bypasses the need to order books, which can be slow and expensive. OTC trading is the way to go for a high volume crypto purchase. As a general rule, the larger the trade, the better.

Today, many OTC crypto trading services offer liquidity and 24/7 customer support. They provide an end-to-end service that includes everything from order execution to post-trade settlement. They also take several precautions to ensure the security and protection of their clients’ money.

If you’re looking to get a high-volume crypto purchase, OTC trading is the way. Here’s a step-by-step guide:

1. Find an OTC Desk That Suits the Needs

When it comes to finding a desk that suits your needs, there are a few key factors you’ll want to consider. 

  • The first is the daily trading volume of the desk. You’ll want to ensure that the desk you choose can handle your desired trade size. 
  • The second is the transaction speed. Some can execute trades much faster than others. 
  • The third is the fees, so make sure to compare the prices of various desks before deciding.

2. Get in Touch with the Desk and Provide Them with Your Trade Details

The further step is contacting and providing them with the trade details.  

Be sure to include the following information:

  • The crypto amount you wish to buy or sell.
  • The price you’re willing to pay or sell at.
  • Your preferred payment method.

3. Wait for the Desk to Confirm Your Trade

Once you’ve provided them with the trade details, they will confirm your trade. 

Depending on the desk, this process can take a few minutes to a few hours. Once the trade is confirmed, you’ll need to make the payment.   

4. Make Payment and Receive Your Crypto

The final step is to make your payment and receive your crypto. Be sure to use a safe payment method. Once your payment has been made, they will release your cryptocurrency to you. 

Benefits of OTC Trading

There are several benefits, including:

·      High Liquidity: They generally have high liquidity, which means they can easily buy or sell large amounts of crypto without affecting the market price.

·      24/7 Customer Support: Many services offer 24/7 customer support, which can be helpful if you’re new to trading or have any questions about the process.

·       Security and Protection: These services take some precautions to ensure their clients’ money security and protection.

·      Faster Transaction Times: Many desks can execute trades faster than traditional exchanges.  

·       Lower Fees: Whether buying or selling, you’ll generally pay lower fees when using such a service. This is because they can match buyers and sellers directly without going through a middleman.

Things to Keep in Mind

There are a couple of facts you’ll want to keep in mind, including:

  • Make sure the service is reputable: When choosing an over-the-counter trading service, do your research and only use a reputable and well-established service.
  • Be aware of the risks: OTC trading is risky, so understand the risks involved before entering any trade.
  • Understand the fees: Be sure to understand the fees charged by the service before making a trade.


Over-the-counter trading is a great way to buy or sell large amounts of crypto without affecting the market price. However, it’s critical to be aware of the risks involved and only use reputable services. 

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